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Formber t1_j3nt9gv wrote

Reply to comment by IfIKnewThen in TIL that in 1947, U.S. House Minority Leader Sam Rayburn was gifted a 1947 Cadillac Fleetwood Series 62 from 142 Democratic congressmembers and 50 Republican congressmembers. Each congressmen donated $25 to circumvent Rayburns personal rule of not accepting gifts more than $25. by FranklinDRoosevelt32

Imagine what $4,800 in 1947 money is worth in 2023.

It's $64,000.

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IfIKnewThen t1_j3nwg5y wrote

So, a 2023 Cadillac CT5 is a good value...

$4,800 in 1947 is equivalent in purchasing power to about $64,145.65 today, an increase of $59,345.65 over 76 years. The dollar had an average inflation rate of 3.47% per year between 1947 and today, producing a cumulative price increase of 1,236.37%.

Sauce: https://www.in2013dollars.com/us/inflation/1947?amount=4800#:~:text=%244%2C800%20in%201947%20is%20equivalent,cumulative%20price%20increase%20of%201%2C236.37%25.

Price Msrp of 2023 cadillac ct5 Image result for msrp of 2023 cadillac ct5 $37,695 The 2023 CT5 premium midsize sedan lineup starts with the Luxury trim and a manufacturer's suggested retail price (MSRP) of $37,695, plus a destination charge. Premium Luxury and Sport are in the low-to-mid $40K range. CT5-V prices start at $50,495 and hit the $91K for the 2023 CT5 V-Series Blackwing.

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StoneTemplePilates t1_j3rr7mt wrote

"Good Value" is very relative, though. You can't compare what something costs today vs 80 years ago to determine whether it's a good deal, you have to compare it to what else you can get for your money today.

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zoinkability t1_j3slaha wrote

That, and the caddy may not have been a good deal back then. Getting the same basic deal now doesn’t mean it’s necessarily a good deal, it could just be the same crappy deal.

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